Construction Industry In Kazakhstan Fostered By Government-initiated Programmes

One of the most prominent programmes prepared by the government is the State Programme on Forced Industrial-Innovative Development for 2010-2014, the main aim of which is to diversify the economy and increase its competitiveness. The programme calls for the expansion of several sectors, such as chemicals, nuclear and manufacturing, and to this effect, numerous investment projects are being implemented. Within the programme, 227 industrial plants and facilities have already been completed, at a total cost of $6.2bn. In turn, within the Road Map programme, 1,535 social system facilities were renovated in 2009-2010 as well as 2,634 educational facilities, 764 healthcare facilities, 119 sports facilities, and 361 cultural facilities. This led to an 18.6% increase in the value of renovation and reconstruction works in 2010.
However, government support was not sufficient to counterbalance the reduction in volumes of private sector investment. As a result, there was a reduction in the volumes of both residential and non-residential buildings, with housing construction being the most severely affected. The share of residential construction work as a proportion of the total volume of construction output in Kazakhstan fell from 19.3% in 2007 to 5.8% in 2009. In 2010, there was a slight increase in housing construction value, but the figure was still 62% lower than the figure in 2007, when this market area reached its peak. Overall, construction output grew by 1% last year and a similar growth rate was seen in the first half of 2011.

The total value of investment in residential construction decreased by 2% in 2010, though this could be considered mild in comparison with the 41% decline observed in 2009. State support continues to be provided and, coupled with increased volumes of loans, hope of a recovery on the residential construction market in Kazakhstan is strong. In the first half of 2011, the value of capital investment in the sector increased by 24.3%, with almost half of the total investment coming from the Kazakh people. Another positive sign of an ongoing revival on the residential market is that the number of buy/sale transactions has increased substantially, which indicates that demand for housing is back and strong. Housing development will also continue to be supported by the government and substantial amounts have been allocated for this purpose through the 2011-2014 housing construction programme.

This press release is based on information contained in the latest PMR report entitled Construction sector in Kazakhstan 2011 – Development forecasts for 2011-2013.

For more information on the report please contact:
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Russian Construction Market Resumes Robust Growth

Interested business people can review this statistics, along with expert analysis and forecasts for the period to 2014 in PMRs report, Construction sector in Russia H2 2011, Development forecasts for 2011-2014.

This comprehensive document reveals all the details on market segment values and shares, trends and legal events, and volume of new roadways and residential apartments slated for completion during the forecast period. It also provides analysis of Russian macroeconomic conditions, levels of foreign and domestic investment, and sources of funding related to various government programmes.

Just as we had predicted in the previous edition of the report, the Russian construction industry http://www.constructionrussia.com/ has recently resumed growth, with the value of construction output up by 17.6% in July. Such vibrant growth was last seen more than three years ago during the construction boom. The upcoming months will show whether this positive trend is sustainable. However, another optimistic development has been the long-awaited recovery in residential construction, where a 19% growth was reported in July. Construction activity in the country is also being boosted by infrastructure development, particularly in the area of transport infrastructure.

In order to locate and capitalize on new construction sector opportunities as they arise, you need direct access to the latest news, sharpest analysis, most reliable statistics and knowledgeable forecasting available. Read Construction sector in Russia H2 2011, Development forecasts for 2011-2014 today, and refer to this report from PMR on a regular basis as you monitor market expansion and contemplate new business strategies.

Readers will examine the playing field through detailed profiles of Russias top domestic and foreign construction companies. Theyll learn about their financial standings, potential projects and newly acquired and completed contracts, and projections for the future as well as corporate strategies for the period to 2014. Forecasts for the value of construction and assembly production for this period are also provided for the market as a single unit and for all segments.

This report also analyses trends that will affect market progress, such as prices, salaries, employment levels, levels of foreign and domestic investment, government programmes, cement production and macroeconomic conditions in Russia.

While preparing Construction sector in Russia H2 2011, Development forecasts for 2011-2014 PMRs expert analysts have thoroughly researched all salient aspects of the market, consulted their most reliable sources and created a market guide that answers the questions of readers on all major issues with regard to both the current status and future progression of this dynamic market sector.

For more information on the report please contact:
Marketing Department:
tel. /48/ 12 618 90 00
e-mail: [emailprotected]